Imaging3, Inc. Description

Grapefruit Boulevard Investments, Inc. ("Grapefruit") is now a wholly owned subsidiary of Imaging3, Inc., a DE corporation whose shares trades under the symbol "IGNG". IGNG is a "Reporting Company". Grapefruit holds licenses issued by the State of California in January 2018 to both manufacture and distribute cannabis products. Grapefruit's management owns an 81% interest in IGNG which now owns 100% of Grapefruit's shares. As a result, IGNG's financial reports will consolidate, IGNG's and Grapefruit's financial results and IGNG and Grapefruit will operate as a single company. IGNG intends to change its name to Grapefruit and obtain a more appropriate trading symbol as soon as possible. The combined companies will be called "Grapefruit" or the "Company." Grapefruit's corporate headquarters is in L.A. Grapefruit owns and operates a CA licensed cannabis extraction laboratory and distribution facility in the Coachillin' Canna-Business Park, near Palm Springs, California. The Company's extraction lab produces high quality, cannabis-derived THC distillate commonly known as 'honey oil,' from cannabis flower and 'trim'. This 'honey oil' is a base cannabis commodity, which is the active ingredient in many cannabis products including infused edibles, tinctures, creams, and is also used as the active ingredient in vaporization cartridges.